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Uxin Enters MOU for a $7.5 Million Investment with Pintu (Beijing) Information Technology Co., Ltd.
Sep 13, 2024•almost 2 years ago
Contract Type
agreement
BeijingInformation TechnologyCommerce And ShoppingTransportation
Description
Uxin Limited has announced the entry into a memorandum of understanding with Pintu (Beijing) Information Technology Co., Ltd., for a proposed investment of US$7.5 million. The Proposed Investment is subject to the execution of definitive agreements and closing conditions.
Company Information
Company
Uxin Limited
Location
Beijing, Beijing, China
About
Uxin Group is China's largest online used car transaction platform. Uxin offers B2B, B2C and C2B services through two main brands Uxin Auction (优信拍) and Uxin Used Car (优信二手车). By creating a nationwide, data-enabled supply chain and increasing transparency in the transaction process, Uxin is increasing efficiency and strengthening trust in China's used car industry.
Its efforts have already been recognized by international investment firms and leading tech companies, who have invested over $1 billion in the company.
BeijingInformation TechnologyCommerce And ShoppingTransportation